$BTC Evaluate the current 4H candlestick status
Price hits resistance and gets rejected: The push up to exactly 85,255.00 (touching the MA25 band) then meets short-term profit-taking force and gets pushed back down.
MA(7) support not yet broken: The price level 84,626.47 is still ABOVE the MA(7) line – 84,233.87. As long as the 4H candle has not closed with a break through the MA(7), the BUY side still holds the more advantageous position.
Accumulation range: Price is forming a candlestick body with an upper wick. This is a technical correction phase to gather more momentum before testing the 85,200 zone again
Price hits resistance and gets rejected: The push up to exactly 85,255.00 (touching the MA25 band) then meets short-term profit-taking force and gets pushed back down.
MA(7) support not yet broken: The price level 84,626.47 is still ABOVE the MA(7) line – 84,233.87. As long as the 4H candle has not closed with a break through the MA(7), the BUY side still holds the more advantageous position.
Accumulation range: Price is forming a candlestick body with an upper wick. This is a technical correction phase to gather more momentum before testing the 85,200 zone again